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Miss Water Company has 8% 1 year bonds payable that are on June 30, 2028 The brands are Read the rem onts done 2018 and

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Miss Water Company has 8% 1 year bonds payable that are on June 30, 2028 The brands are Read the rem onts done 2018 and Miss Water pus interesah mend December 31 Requirement 1. W the bonds beatae v ata premamaladh a r a on the theater the market is the bed whebu Requirement 2. Misi Waterhud 5400 000 of the bonds a. Record ance of the bends on June 30, 2018 Record debits for Rounda tion to the rest dotat the credits Select explanations on the l ine of them (a) Jun 30 Mississippi Water Company has 8% 10 year bonds payable that mahare on June 30, 2023. The bonds are issued on June 30, 2018 and Missippi Water pays interest each one and December 31 Read the requirements b. Record the payment of and m ain of the discount on December 31, 2018 Use the straight line amortization method Records for the cred Se p tion on the lastne of the journal entry Hound your answers to the whole de Date Accounts and Explanation Dec 31 m on to the well) c. Compute the bondscaming mount December 31, 2018 E Carrying amount of December 11, 2018 Water Company has 3% 10 year bonds payable that more on June 30, 2028 The hands are Read the requirements donne,2018, and M opi Waterpapers each one and December 31 Carrying amount at December 31, 2018 Long term Labs d. Record the payment of interest and amortization of discount on June 30, 2019. Record debits first then credits Select explanations on the last line of the journal entry Round your answers to the nearest whole dar) Accounts and Explanation Debit Credit 2019

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